Independent Journeys Inc
Independent Journeys Inc consistently operates near break-even with no officer compensation reported.
EIN: 203256882 · Asheville, NC · NTEE: P82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $646K |
| Total Expenses | $733K |
| Program Spending | 90% |
| Net Assets | $186K |
| Transparency Score | 92/100 |
Is Independent Journeys Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Journeys Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Journeys Inc
Independent Journeys Inc (EIN: 203256882) is a nonprofit organization based in Asheville, NC, classified under NTEE code P82. The organization reported total revenue of $646K and total assets of $169K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Journeys Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Journeys Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $747K |
| Total Expenses | $733K |
| Surplus / Deficit | +$14K |
| Total Assets | $235K |
| Total Liabilities | $48K |
| Net Assets | $186K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 20.6% |
| Months of Reserves | 3.8 months |
Financial Health Grade: A
In 2023, Independent Journeys Inc reported a surplus of $14K with revenue exceeding expenses, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 20.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Independent Journeys Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | +8.0% | +3.6% |
| 2022 | +7.5% | -4.0% | +33.2% |
| 2021 | -29.4% | -19.5% | -21.6% |
| 2020 | +28.2% | +17.0% | +54.1% |
| 2019 | +1.5% | +2.0% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Independent Journeys Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Independent Journeys Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.6%.
Executive Compensation Analysis
Independent Journeys Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Independent Journeys Inc:
- Consistent 0% officer compensation, maximizing funds for mission.
- Stable financial operations with revenues generally covering expenses.
- Positive trend in asset growth over the past decade.
- Regular IRS 990 filings demonstrating transparency.
Frequently Asked Questions about Independent Journeys Inc
Is Independent Journeys Inc a legitimate charity?
Independent Journeys Inc (EIN: 203256882) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $646K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Independent Journeys Inc spend its money?
Independent Journeys Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Independent Journeys Inc tax-deductible?
Independent Journeys Inc is registered as a tax-exempt nonprofit (EIN: 203256882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Independent Journeys Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Independent Journeys Inc is above average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Independent Journeys Inc located?
Independent Journeys Inc is headquartered in Asheville, North Carolina and files with the IRS under EIN 203256882. It is classified under NTEE code P82.
How many years of IRS 990 filings does Independent Journeys Inc have?
Independent Journeys Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $646K in total revenue.
Is Independent Journeys Inc financially stable?
Yes, Independent Journeys Inc appears financially stable, consistently managing revenues and expenses closely, as seen with $746,736 in revenue and $733,143 in expenses in 2023, and a steady growth in assets from $142,815 in 2014 to $234,567 in 2023.
How does Independent Journeys Inc manage executive compensation?
Independent Journeys Inc reports 0% officer compensation in all available IRS 990 filings, indicating that no executive salaries are paid from the organization's funds.
What is the trend in Independent Journeys Inc's assets?
Independent Journeys Inc's assets have shown a positive trend, increasing from $142,815 in 2014 to $234,567 in 2023, suggesting prudent financial management and accumulation of resources.
Filing History
IRS 990 filing history for Independent Journeys Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Journeys Inc's revenue has declined by 9.5%, moving from $825K to $747K. Total assets increased by 120.5% over the same period, from $106K to $235K. Total functional expenses fell by 15.5%, from $867K to $733K. In its most recent filing year (2023), Independent Journeys Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $48K in liabilities against $235K in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $186K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $747K | $733K | $235K | $48K | — | — |
| 2022 | $727K | $679K | $227K | $54K | — | View 990 |
| 2021 | $676K | $707K | $170K | $46K | — | — |
| 2020 | $958K | $878K | $217K | $62K | — | View 990 |
| 2019 | $747K | $751K | $141K | $65K | — | View 990 |
| 2018 | $736K | $736K | $147K | $67K | — | View 990 |
| 2017 | $704K | $701K | $148K | $68K | — | View 990 |
| 2016 | $747K | $738K | $147K | $70K | — | View 990 |
| 2015 | $802K | $800K | $130K | $62K | — | View 990 |
| 2014 | $952K | $956K | $143K | $78K | — | View 990 |
| 2013 | $1.1M | $1.0M | $161K | $92K | — | View 990 |
| 2012 | $878K | $882K | $116K | $69K | — | View 990 |
| 2011 | $825K | $867K | $106K | $56K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $747K, expenses of $733K, and assets of $235K (revenue +2.7% year-over-year).
- 2022: Revenue of $727K, expenses of $679K, and assets of $227K (revenue +7.5% year-over-year).
- 2021: Revenue of $676K, expenses of $707K, and assets of $170K (revenue -29.4% year-over-year).
- 2020: Revenue of $958K, expenses of $878K, and assets of $217K (revenue +28.2% year-over-year).
- 2019: Revenue of $747K, expenses of $751K, and assets of $141K (revenue +1.5% year-over-year).
- 2018: Revenue of $736K, expenses of $736K, and assets of $147K (revenue +4.5% year-over-year).
- 2017: Revenue of $704K, expenses of $701K, and assets of $148K (revenue -5.8% year-over-year).
- 2016: Revenue of $747K, expenses of $738K, and assets of $147K (revenue -6.9% year-over-year).
- 2015: Revenue of $802K, expenses of $800K, and assets of $130K (revenue -15.7% year-over-year).
- 2014: Revenue of $952K, expenses of $956K, and assets of $143K (revenue -9.7% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.0M, and assets of $161K (revenue +20.1% year-over-year).
- 2012: Revenue of $878K, expenses of $882K, and assets of $116K (revenue +6.4% year-over-year).
- 2011: Revenue of $825K, expenses of $867K, and assets of $106K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Journeys Inc:
Data Sources and Methodology
This transparency report for Independent Journeys Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.